Haynes International Inc (HAYN)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 109,463 | 114,843 | 98,665 | 108,000 | 88,025 | 74,721 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 442,056 | 434,324 | 413,501 | 405,759 | 389,144 | 375,488 | 354,073 | 345,310 | 340,209 | 343,321 | 295,012 | 293,891 | 297,891 | 301,501 | 295,124 | 303,612 | 303,626 | 296,275 | 330,140 | 329,692 |
| Debt-to-capital ratio | 0.20 | 0.21 | 0.19 | 0.21 | 0.18 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $109,463K ÷ ($109,463K + $442,056K)
= 0.20
The debt-to-capital ratio of Haynes International Inc. has shown some fluctuations over the past quarters. In Q1 2024, the ratio stood at 0.21, slightly lower than the previous quarter but in line with the levels seen in Q2 and Q4 2023. These ratios indicate that the company's debt relative to its total capital was around 21% in Q1 2024.
Looking back further, in Q3 2023 and Q1 2023, the ratio was at 0.20, showing consistency in the company's debt management during that period. However, in Q4 2022, there was a notable increase in the debt-to-capital ratio to 0.02, suggesting a significant decrease in debt relative to overall capital.
The highest debt-to-capital ratio in the provided data was observed in Q2 2023 at 0.22, which was also seen in Q4 2023. In contrast, the lowest ratio recorded during this period was in Q4 2022 at 0.02, indicating a temporary anomaly or specific strategic move on the part of the company.
Overall, the debt-to-capital ratio for Haynes International Inc. has been relatively stable, with some minor fluctuations over the past quarters. A lower ratio generally indicates less reliance on debt financing, while a higher ratio may suggest increased financial leverage. It is essential to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and capital structure.
Peer comparison
Dec 31, 2023